New Delhi : The Sahara group welcomed a US court’s order that rejected the plea for attachment of its two hotels in New York and said it was “unfairly” dragged into a private dispute between two parties, reports PTI.
The Supreme Court of the State of New York has rejected a plea by Hong Kong-based JTS Trading Ltd that had sought attachment of Sahara’s prized hotels Plaza and Dream Downtown in the US as part of a lawsuit over a deal that went sour.
“We welcome the Hon’ble Supreme Court’s decision which understood our claims in the pious light of justice and protected us from becoming a victim of unscrupulous litigation which aimed at falsely and unfairly dragging us into a private dispute between two parties who have had a falling out,” a Sahara group spokesperson said.
Hong Kong-based JTS Trading had approached the court seeking the attachment as part of its USD 350-million lawsuit against UAE-based Trinity White City Ventures, Sahara group and Swiss banking giant UBS over a deal that went sour. Sahara claimed JTS had no rights to attach the interests of Sahara’s subsidiary non-party entities (Sahara Plaza LLC and Sahara Dreams LLC), which were accepted by the court.
